GENIUS Act Advances in U.S. Congress, Circle Goes Public

According to Odaily, Grayscale's June research report highlights the progress of the GENIUS Act, which aims to introduce regulated payment stablecoins in the United States. The act has gained bipartisan support and passed the Senate, now moving to the House of Representatives for approval. Additionally, Circle has successfully gone public. The report anticipates that increased regulatory clarity and favorable macroeconomic conditions, such as significant budget deficits and potentially lower interest rates, will continue to support crypto assets in the latter half of 2025.